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Long XAU/USD?Let's be honest, so far this year and for the last few years gold just hasn't performed. However, this may be an opportunity for a bullish turnaround. Fundamentals - Gold is largely tied to the performance of the USD, which explains its bearish trend this year - Powell is expected to continue the hiking cycle into 2019, however their have been rumblings about a possible slow down in the pace of hikes This possibility has arisen because of the flattening of the 2s10s yield curve, an early indicator of recessions on inversion. The Fed is likely to continue hiking, but may slow their pace to avoid or mitigate the risk of yield curve inversion. - The result: USD would weaken, interest rates would not be as steep as initially priced in. This is bullish for gold and provides some relief to battered emerging markets, however the trade war leaves much to be debated on that front. - Gold could see a resurgence towards May levels on dollar weakness - Additionally gold prices tend to rise post August, largely due to wedding season in the east (India in particular), increasing gold demand. What about the Technicals?? - If the waves are correct, we are seeing a corrective pattern post the 5th wave on a bearish run. - Often this corrective pattern could lead to more bearish undertone, but it looks as though a bullish flag has formed, indicating another leg up for XAU. - Search for the bullish breakout and ride the wave!
OANDA:XAUUSDLong
by OnyxTrader
I Assume Bitcoin Can Bottom At 4-5k Area- Waiting!!Hey, hey, hey! Whats up everyone? After a lot of request in the last few weeks I decided to make a new video update for Bitcoin. I think market can be forming a very interesting pattern; called an ending diagonal, also know as a "wedge". You know what this is right? When done and confirmed, normally sharp move occurs but in the opposite direction. So is BTCUSD going to find a low by the end of 2018? What do you think? Trade well, GH
BITSTAMP:BTCUSD
by ew-forecast
30
XAUUSD Corrective Structure With Bullish Break AnticipatedXAUUSD is forming a larger corrective structure than what I had first expected. Bear in mind that this is the H1 time frame though so actually still a small move inside this corrective structure. This structure could complete with either 3 or 5 waves. Once we see the break of this structure to the upside and the larger structure on the daily time frame, this will indicate a strong move up. Contact me via direct message for any assistance required Cheers Linton
FX_IDC:XAUUSDLong
by Linton_White
3
BTCUSD moving towards 9250ish?BTCUSD could very likely be making a flag on the H4 right now. I think it will go sideways now for a bit. Before a potentially move up to around 7700-7800. This is where it will meet a big trendline. When it hits, we have to see what pattern it will make. I’m affraid that we haven’t seen the bottom yet. But if it break the major trendline the we can potentially go to 9250. Otherwise we will have to retest the bottom. If the MACD will follow the purple line we are going down.
BITSTAMP:BTCUSDLong
by madsroland
2
Bull Riding - Rodeo Trading – Intraday Market Orders (Part1)Bullish Correction does not seem to be complete as the DXY Pattern keeps on becoming more and more Complex. In other words, DXY could commence a Bullish Swing in order for the entire Corrective Pattern to complete. This is because the Bearish Swings previously predicted in the FOMC Press Conference - DXY - Triple Three article do not really fit a proper Impulse sequence. Don’t get me wrong, the analysis was good and the DXY got trashed, as predicted. Traders were happy and looking green, everyone was nice and cool. The thing is that, I don’t like the way the Impulse looks, not strong enough, with overlaps and also showing Bearish structures on EUR, Gold, GBP. I’m about step way outside my comfort zone with this view, because I can’t just ignore these signs and hints. This post implies more risk than usual but due to the importance and duration of the projected swings, it could be worth it. Please consider holding this one out if you are not up to it and don’t want to take the risk. Trades & Orders XAU/USD – SELL Positions: • Aggressive – 1245.00 with SL @ 1360.00 • Moderate – 1350.00 with SL @ 1370 • Targets – 1325.00 / 1310.00 / 1295.00 / 1285.00 / 1265.00 XAG/USD – SELL Positions: • Aggressive – 16.65 with SL @ 16.87 • Moderate – 16.70 with SL @ 17.00 • Targets – 16.40 / 16.15 / 15.85 / 15.50 EUR/USD – SELL Positions: • Aggressive – 1.24250 with SL @ 1.2480 • Moderate – 1.24500 with SL @ 1.25100 • Targets – 1.2340 / 1.2250 / 1.2180 DAX30 – BUY Position: • 11900.00 with SL @ 11700.00 • Targets – 12200.00 / 12450.00 / 12650.00 / 12850.00
TVC:DXYLong
by Lionheart-EWA
4